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Oil Daily Review December 7, 2018

Oil Daily Review for December 7, 2018

Trump’s Tariff Tweets Help Create Turmoil In The Markets

President Trump has tweeted both positive and negative tweets about his dinner with China President Xi. They helped the stock market on Monday but were probably one of the reasons the Dow dropped almost 800 points on Tuesday.

 

Oil Prices Drop on Potential OPEC Disappointment, CAD Extends Losses – US Market Open

Oil Prices Drop on Potential OPEC Disappointment, CAD Extends Losses – US Market Open

 

Is a high oil price bad for the United States? – Natixis

Analysts at Natixis, point out that higher oil prices are good for the United States as the effect in investment and employment in the oil and mining

 

EIA: Commercial crude oil inventories decreased by 7.3 million barrels from previous week

Below are some key highlights from the weekly report published by the U.S. Energy Information Administration. U.S. crude oil refinery inputs averag

 

United States EIA Crude Oil Stocks change came in at -7.323M, below expectations (-0.942M) in November 30

United States EIA Crude Oil Stocks change came in at -7.323M, below expectations (-0.942M) in November 30

 

Oil plunges as OPEC tries to balance supply concerns with Trump’s demands

A geopolitical price war rages in the background of OPEC’s summit between moderate cuts to production while appeasing President’s Trump and Putin.

 

OPEC reached a preliminary pact in Vienna to cut oil output, but specific volumes yet to be decided: report

Members of the Organization of the Petroleum Exporting Countries reached a “preliminary agreement” following talks in Vienna to cut oil production, bu

 

Oil futures end lower as OPEC postpones an output cut decision to Friday

Oil futures settled lower on Thursday amid ongoing uncertainty surrounding the Organization of the Petroleum Exporting Countries’ decision on producti

 

Oil futures sharply lower, with growing concerns that OPEC will not make an aggressive output cut

Oil futures traded sharply lower Thursday, as traders continued to await the outcome of the Organization of the Petroleum Exporting Countries meeting

 

WTI Crude Oil and Natural Gas Forecast December 7, 2018

The WTI Crude Oil market fell rather hard during trading on Thursday, slamming into the $50 level yet again as OPEC concluded their meeting without announcin…

 

Asia Stocks to Pause Declines Ahead of US NFPs? Crude Oil Jawboned

A last minute improvement in risk appetite as the S&P 500 almost filled its gap may result in Asia stocks pausing losses. Crude oil prices

 




Saudi oil minister: Not confident that there will be a deal today – RTRS

Reuters is out with comments by Saudi oil minister and sounded less confident over reaching an agreement on cutting oil production. In the meantime,

 

Why is oil on the slide?

Nitesh Shah, director of research at WisdomTree, said OPEC has failed to reach a conclusion on an oil production cut so far this week, which is why the price…

 

Have a nice trading!




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